Tribute to Brooks

per the subject of this thread -- "BROOKS -- The Gift that keeps on Giving"

https://www.elitetrader.com/et/thre...ks-or-studying-him.355125/page-6#post-5308349

 

logged on and entered short.....breakout pullback failure L1 and breakout failure

 

Like riskarbatticusdownprufconvexxdest would say, #DEMOTURD

 

is this english?

 

closed just after taking screen shot

 

i am giving only summary of why trade was opened or closed....sometimes not even that.

but if anyone is really interested and, is what Brooks calls a serous trader, i can try to explain in more detail, on demand.

Brooks ideas are very general, some call it 'vague', and are subjective, and that is what makes it difficult to understand, unless you have mastered the old classical technical analysis such as trend line pull backs break outs etc.

but because they are general.... they are also powerful.....not restrictive.....like beauty is the eye of the beholder

 

sold.....

 

this last trade was a lazy or greedy trade because after 4 bull bars it is always better to take the second entry, according to Brooks.

i justified it because it was confirmed down trend and entries in direction of the trend may be taken on first entry

 

trade closed

small 2 tick loss

market entered a trading range......so no point in guessing

 

long break out